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CDFA Pennsylvania Financing Roundtable Newsletter - February 2015

CDFA Pennsylvania Financing Roundtable Newsletter - February 2015
February 11, 2015
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CDFA Pennsylvania Financing Roundtable Newsletter

Feature

PA Governor Faces Serious Fiscal Problems
According to The Bond Buyer, new PA Governor Tom Wolf is inheriting a $1.9 billion budget deficit with an exhausted rainy day fund and a recent downgrade in the state's credit rating.

Downtown Hershey Development Seeking Tax Deal for Infrastructure
A proposed downtown Hershey development is seeking the implementation of a TIF district, which will include the redevelopment of a post office and 121,000 square feet of commercial space.

URA Approves Tax Abatement District at Civic Arena Site
The Urban Redevelopment Authority voted to allow for the creation of a tax abatement district located in the lower Hill District of Pittsburgh, which is home to the former Civic Arena. U.S. Steel Corp plans on utilizing the new tax abatement law by building its world headquarters on the site.

More Development for Your Transit Dollar
Published by the Institute for Transportation & Development Policy (ITDP), this analysis looks into development return on transit investment, comparing more than 20 transit systems around the country and internationally.

PA Gov: $53.4M for Water Infrastructure
Located across six Pennsylvania counties, nine drinking water and wastewater projects received $53.4 million in funding.

Upcoming Events

2015 CDFA Pennsylvania Conference
June 11, 2015, Harrisburg, PA
Join the CDFA Pennsylvania Financing Roundtable for the fourth annual conference. This one-day event will feature a number of economic development finance experts from around the state discussing new development finance tools, authorities, resources and approaches, and how these methods can affect the Pennsylvania economy going forward.

Pennsylvania News

First Niagara Dishes Out $1M to Fund Local Startups
Philadelphia Business Journal | Jan. 14 | Access to Capital | Innovation Finance

IRS Announces QZAB Allocations
The Bond Buyer | Feb. 11 | Bond Finance | Economic Development | Internal Revenue Service (IRS) | Federal

New Fund Helps Spur Innovation at PSU
Keystone Edge | Feb. 11 | Innovation Finance

CDFA, Yale Clean Energy Finance Forum Launches New Program
CDFA | Feb. 10 | CDFA Original Research | Energy Finance | Member News | Webcasts

Administration's Budget Would Permanently Extend NMTC
Novogradac & Co. | Feb. 4 | Community Development | Tax Credits | U.S. Dept. of Treasury | Federal

IRS to Allocate Nearly $1.4 Billion in New CREBs Volume Cap
McGuireWoods | Feb. 4 | Bond Finance | Energy Finance | Member News | Internal Revenue Service (IRS) | Federal

Annual Upgrades Exceeded Downgrades for Public Finance in 2014, Reversing 5-Year Trend
Fitch Ratings | Jan. 29 | Bond Finance

2014 Year in Review: SEC Municipal Market Enforcement
Ballard Spahr | Jan. 29 | Bond Finance | Member News | U.S. Securities and Exchange Commission (SEC)

More Tax Breaks for Private Finance on Public Projects
The Inquirer | Jan. 26 | Bond Finance | Infrastructure Finance | Public-Private Partnership (P3) Financing

Obama Budget to Raise Qualified Small Issuer Cap
The Bond Buyer | Jan. 22 | Bond Finance | Legislative | Federal

Increasing Private Sector Investment in Infrastructure
For Construction Pros | Jan. 21 | Bond Finance | Infrastructure Finance | Public-Private Partnership (P3) Financing | Rural Development | U.S. Dept. of Agriculture (USDA)

New Congress Focuses on Small Business Investors
Herald Online | Jan. 16 | Access to Capital

IIUSA Second Year Issuing Regional Center Business Journal
PRWeb | Jan. 16 | EB-5 Visa

US Bank Sponsors Reshoring Initiative to Bring Back US Jobs
Engineering.com | Jan. 15 | Reshoring Manufacturing

House Passes Dodd-Frank Changes
The Hill | Jan. 15 | Legislative


Sponsors


Your Logo Here!

For information about sponsoring the CDFA Pennsylvania Financing Roundtable, review the sponsor prospectus and complete our sponsorship agreement or contact CDFA.


The Council of Development Finance Agencies is a national association dedicated to the advancement of development finance concerns and interests. CDFA is comprised of the nation's leading and most knowledgeable members of the development finance community representing public, private and non-profit entities alike. For more information about CDFA, visit www.cdfa.net or e-mail info@cdfa.net.


Council of Development Finance Agencies
100 E. Broad Street, Suite 1200
Columbus, OH 43215
(614) 705-1300
info@cdfa.net


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